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. they have lots of energy. why do you like technology right now? >> not just in the consumer, not in the mobile phones, but technology is one of those trends that affects every industry. it affects healthcare. it affects energy. energy we saw the new natural gas fracking that's bringing enormous supplies to the market. we could be energy independent because of the technology applied to energy. liz: yet you don't like energy, you say avoid energy. >> who is the biggest beneficiary of this new supply is really the consumers, and the businesses have low cost gas, natural gas has plummeted in price, so that actually hurts in an ironic way the producers of energy, benefits the consumers of energy. liz: that's why we have doug here to kind of help our brains go through the scenario of why energy and technology are on opposite ends at least for his preference. closing bell ringing in 50 minutes. is it time to cut the cord to your traditional cable box? i know some of you have already done that. but there are those of you who are sitting on the fence or the cable box so to speak and
; boosting american-made energy; reducing the deficits responsibly by cutting where... we can, and asking the wealthy to pay a little more. and ending the war in afghanistan, so we can... do some nation-building here at home. that's the right path. so read my plan, compare it to governor romney's... and decide which is better for you. it's an honor to be your president... and i'm asking for your vote... so together, we can keep moving america forward. i'm barack obama and i approve this message. >>> as you well know, the election is so close, a handful of votes could decide who wins the white house. according to the brennan center for justice, 14 states have laws restricting voter registration drive, early voting, forcing some voters to show an idea. those 14 states are worth 185 electoral votes, 68% of what's needed to win. so, is voting fraud a big problem? will what i just said affect the election? nicole austin hilary joins us from washington this morning. good morning. >> good morning, carol. >> let's talk about these new laws put in place in many states across the nation. how will t
for the election? we'll see what's being done. to . while energy development comes with some risk, north america's natural gas producers are committed to safely and responsibly providing generations of cleaner-burning energy for our country, drilling thousands of feet below fresh water sources within self-contained well systems. and, using state-of-the-art monitoring technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. ♪ [ male announcer ] introducing the all-new completely re-imagined 2013 chevrolet malibu. sleek new styling... sophisticated dual cockpit design, and sport sculpted seats. available chevrolet mylink infotainment system. the all-new 2013 chevrolet malibu. ♪ refined comfort to get you in a malibu state of mind no matter what state you live in. ♪ >>> we're awaiting president obama in a swing state of ohio. meantime, in another swing state, that of virginia, bill clinton campaigning on behalf of the president. let's listen in at chesapeake, virginia, at indiana river high school. [ a
the country. gas and other energy prices could rise no matter where you live. "money" is breaking it all down. also money tonight, the owing bell will ring once again on wall street. restart of trading tomorrow create a perfect storm for stocks. we're going to explain that. >>> does our government now need a secretary of business? president obama thinks so. what about the business community? we're going to get reaction straight from business owners mouths. even when they say it's not, even in this storm, it's always about money melissa: so, starting off tonight, no doubt hurricane sandy will cost a lot of money. it is still going strong, headed right for western new york. let us get the latest on the path from weather.com meteorologist. bernie, what is it getting ready to hit now? >> it is off to the east of pittsburgh. as you mentioned melissa, it is moving northward, when you take a look at storm, look how large it is. it is covering the eastern half of the united states. there is moisture feeding in on the earn end of it from the tropics. that is why we still have so much rain talking abou
, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. >>> want to take you to the city of hoboken, new jersey, right now. this tightly packed hamlet of 50,000 people is an exception to the falling floodwaters because at last report there were thousands of people still trapped. this is wednesday. still trapped or stranded amid the floodwater that is are contaminated with sewage and gasoline and who knows what else? last night after pleading of hoboken's mayor, here's the national guard. they finally arrived to help carry out the rescues so badly needed in hoboken. so you can see the pain and trus frags in the mayor voice, she was sharing frustration with gary tuchman last night. >> i had a grandmother i had to tell, i'm so sorry
-benz financial services. new pink lemonade-benz 5-hour energy? 5-hour energy supports the avon foundation for women breast cancer crusade. so i can get the energized feeling i need and support a great cause? i'm sold. pink lemonade 5-hour energy? yeah and a portion of every sale goes to the avon foundation for women breast cancer crusade. i'm sold. new pink lemonade 5-hour energy. get the alert, energized feeling you need and support breast cancer research and access to care. >> we're 90 seconds away in the lower left corner box you can make out what's going on right now at the nyse, the big board as it's known, trading to start very soon and mayor bloomberg is going to have the honor of ringing that opening bell. but it could be bumpy and not so much because whether they're up to speed, but whether technically they can handle this. i got a little alarmed, and charlie gasparino is joining us and talking about the lottery for use of phones and cell phones could be bumpy. >> could be bumpy. the positive thing, and from ameritrade, the retail ahead of the market you're not going to get mass
's paying attention to post-sandy. airlines, utilities, energy and insurance stocks will be in focus for traders today. for more on storm-related sectors, scott bauer of trading advantage joins us from cme group this morning. good morning scott. > > hi. how are you angie? > > i'm doing well. what about the retailers? will those be affected as well? > > you know, the stocks i'm looking at, like home depot and loews, these stocks have been on a pretty nice run, trading at or near their high, their resistance levels over the last 6 to 9 months. these stocks have the potential to carry the retail market and to just take off from here. with all of the recovery ahead, all of the spending that's going to be done in this arena, those are two stocks to really key in on. > > speaking of taking off, the airlines, which tend to move with the economy. what happens though when disaster strikes? > > you know, the airlines are pretty well prepared. some of the percentages i heard is that when there are cancellations to this magnitude, the rebooking rates they like to see in the 80% rate. and i heard
for oil in the arctic, then invest the profits in renewable energy. consumers proved to be in a spending mood this october. the international council of shopping centers says retailers are reporting modest gains for the month. costco was one of those stores, with sales rising 7% from the same time last year. macy's' same-store sales popped 4.1%, while target saw a smaller increase of 2.4% - lower than analyst expectations. however, superstorm sandy remains a concern going forward. analysts think some consumers along the east coat may have spent extra preparing for sandy and that it could have an impact on christmas spending. retailers hope the spending trend continues into the holiday shopping season. big retailers such as best buy, macy's, kohl's and walmart all open bright and early at 12 am on black friday. kmart opens at 5 am and toys 'r' us at 9 am. and online shopping isn't left out - amazon will offer limited- time specials as part of its "black friday deals store." in corporate earnings, exxon topped earnings expectations even though profits fell 7% to $9.5 billion. the oil compa
. >> reporter: john hofmeister is founder and ceo of citizens for affordable energy and former president of shell oil. squeezing the delivery for fuel to stations that are open. 13 of the region's 32 fuel terminals are without power. >> you don't have electricity at the depots, which fill the delivery trucks or if you don't have electricity at a retail station, you can't really sell gas to the public. >> reporter: jimmie and barbara dwyer drove 30 miles to find gas in manahawkin, new jersey, to run their generator at home. how much of a lifeline is it for you? >> when you have no power and it's getting really cold now, you need power. we have no lights, no heat. >> reporter: that's why there is so much panic buying at the pump. >> this is like preapocalyptic, you know. >> reporter: why do they have gas here when other people are so short? the short answer is power. gas stations have power and people around here for the most part have power. they don't have those generator issues. however, take a look at what's going on in secaucus, new jersey, people are loined up for miles waiting to ge
. >> reporter: john hofmeister, founder and ceo of citizens for affordable energy and former president of shell oil. he says electricity issues are also squeezing the delivery for fuel to stations that are open. 13 of the region's 34 fuel terminals are without power. >> you don't have electricity at the depots, which fill the delivery trucks, or if you don't have electricity at a retail station, then you really can't sell gasoline to the public. >> i need more gas in my can here. >> reporter: jimmy and barbara dwyer need gas to run their generator at home. how much of a life line is this gasoline for you now? >> when you have no power and it's getting really cold now, you need power, right? we have no lights. we have no heat. >> reporter: that desperation is why there's so many panic at the pump. >> this is like pre-apocalyptic scenarios, you know, this gas, it's as important as food and water. it's a dog fight out here. >> reporter: so, why do they have gas here when other people are so short? the short answer is power. gas stations have power. people around here for the most part have power s
francisco's city attorney asking the maker of popular energy drink provide proof behind claims and advertising. city attorney herrera sent the letter to monster beverage asking the company to back up claims that the energy drinks itself are safe for children and adults. monster has come under scrutiny after the fda received reports the deaths of five people may be linked to the company's energy drinks. >>> more trouble in the wake of superstorm sandy long lines commuters are still waiting in to get gasoline and what one impatient driver is accused of doing that could land him in jail for 15 years. >>> java jolt in the race for president. the starbucks executive throwing his support behind one of the candidates after >>> 87 northbound headlights in san jose hazy, fog thickest inland valleys east bay and will run into this morning. dry and we have record high temperatures in the seven day forecast. >>> 6:14. only four days until election day. new poll shows the race for president remains about dead even. new poll shows 49% of likely voters across the country back president obama,
-vitamins... ...for energy. alive. start feeling it. it's a rainy morning becoming a caramel drizzle. with folgers gourmet selections, you can turn any day gourmet. new roasts, new flavors, and a new look. >> welcome back. there is a beautiful shot right now. currently 49 degrees downtown, but it is in the low to mid 40's as we step out of the city. we are waking up to some clouds, and it is not out of the question that we could see a couple of sprinkles. 54 degrees is the high temperature of around baltimore today. just a little warmer south of us in southern maryland. ocean city is 58 degrees. they still have a couple of rain and snow showers expected today and maybe a few rain sprinkles coming from the mountains. it could be in the western suburbs. we will continue to deal with the forecast. we will have details in just a few minutes. >> covering the nation, it is crunch time. five days until the election, and the campaign shifts into high gear. president obama will be in wisconsin and colorado today. joe biden will head to i want. mitt romney will be in virginia, and paul ryan will be in color
a little piece of energy working through as we speak and that will give us the possible of a couple of light sprinkles or showers particularly north and west. not sure we'll see anything here in the immediate metro areas but, if you are north and west, well up into the mountains, you might get a sprinkle or perhaps even a light snow flurry if you are far enough west as we continue to watch that little piece of energy come through. otherwise, the trend will be lots of clouds to start your day. we'll get a few peeks of sunshine during your thursday with highs only expected in the mid-50s. good news is the pattern continues to kind of break down. leftovers with sandy and move it north. as we get into tomorrow and the weekend, there should be more and more sunshine back in the forecast. clouds, i a little bit of sun out there. -- clouds, a little bit of sun out there. if you are off to the north and west, you might get a sprinkle or light shower here particularly the first half of the day. 40 the overnight low. winds out of the west at five to 10. we are generally in the 30s tomorrow mo
said, in short term painful but longer term we get a bunch of federal dollars that will pump energy into the economy. >> absolutely, if we have $20 billion in property damage we spend more than that rebuilding, we always do, on the shore property so valuable, they will build bigger homes and businesses. obsolete capital will be replaced by modern capital. we'd get multiplier effect, you spend a dollar on infrastructure, you get a dollar 80 in gdp from additional spending. i think by the time this is all done, the affect to go, dp will be to dr depress it immediately, but down the road a little bit positive. >> what kind of impact to national gdp do you think this storm could have short-term and long-term? >> short-term, we could loss 20 to 30 billion-dollars, and long-term we could pick up net basis, maybe 30 to 40, we net about 10 additional billion dollars. gerri: all right eter mr. ricci if you. >> thank you. >> all right. a lot more to come, in including whether we'll see higher gas prices. in the wake of super storm sandy, and some estimates have different trut -- destruction
'll see energy prices drop. that might be a buying opportunity at that point. other than that, i really believe we have to just take a look and see attitude right now. >> well, one of our guests, a regular on this program, had a great idea. he said to me, maybe for one month the fed instead of putting that $40 billion of mortgage-backed securities buying, put that on hold and send it to some of the ravaged areas like staten island, like new jersey. >> i love it. i absolutely love that idea. >> i do too. >> then the fed's crossing the line into fiscal policy and out of the realm of monetary policy. >> where are we going to get it? >> fema responds rather adroitly to -- katrina notwithstanding, to these disasters. i suspect they're going to be quite responsive right now for those who have been displaced, who have lost family members, who don't have homes. i think there will be a rapid response from the federal government. >> i'm just saying, we could use that money in other areas right now. not necessarily the bond buying program. just an observation. >> maria, i got say, i don't know if
a lot of jobs in the energy states of course but it also creates a lot of jobs in states that use energy because manufacturing of all kind uses energy. some more than others. and when energy is low cost and abundant as it will be as we take advantage of these resources we'll bring manufacturing back. it is already beginning to happen. we're going to see more of it happen. we'll get more manufacturing back in this country. we're going to see this economy take off. with that, number one. number two, trade. it is good for us to be able to trade with other nations, particularly latin america. [cheers and applause] we have some, we have some real advantages in trading with latin america. many of our citizens have roots there. we speak the language in many corners of our nation. the time zone of course is friendly for us. and you know latin america's economy is almost as large as that of china. it is a large middle class and growing middle class. this is a big opportunity for us to trade and to expand the sales of our goods and services in latin america. but by the way, if nations cheat and ch
are counted. at shell, we believe the world needs a broader mix of energies. that's why we're supplying natural gas to generate cleaner electricity... that has around 50% fewer co2 emissions than coal. and it's also why, with our partner in brazil, shell is producing ethanol - a biofuel made from renewable sugarcane. >>a minute, mom! let's broaden the world's energy mix. let's go. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2550 based on things like fundamentals, momentum and risk. tdd#: 1-800-345-2550 and i
at 15 miles per hour. that expectation will flow. here it is. can you believe the energy of this super storm? eastern portions of it, of course, the hurricane, tropical elements, 9" of rain in delaware. western portions, more of a nor'easter, 9" of snow at least in west virginia and expecting potentially another foot. there's the rain and the snow that is still happening. here is the movement. right now you can see tuesday morning, the center of low pressu pressure. by tonight we're going to see it move and be in only western new york. by tomorrow, it looks from western pennsylvania just -- you can see just west of new york around toronto. so very slow to move. so even by wednesday and into thursday, new york and washington have 25 and 35-mile-per-hour wind gusts. so still a potent storm. the difficulty with this destruction, trying to clean up. this hurricane did not come in and go with certainly not a one-day quick hitter. we'll be doling with it thursday and even into friday. from sandy hook to islip, certainly not the picture anymore. still 50s and 60s today dropping 10 to 15 miles
, the overweight banks energy real estate as well as information technology, they're pounding the tables here, but the question is, do better economic numbers mean that investors can go in and invest? >> i think that the classic ones, joy global, i think does make sense, i like the upgrade this morning. the caterpillar deeply inclined. china not coming back, maybe they're so concerned about caterpillar that they're saying it's not coming back that fast. >> we got adp stateside, jim, as well as the estimate. a big revision, they change d d. >> i thought the paychecks were two that really looked like numbers. and so i'm willing to say that this -- it makes so much more sense, but i keep trying to say what industry is doing the hiring in terms of construction. bigger size, small business, but construction yes, balanced against what i regard seeing is uncertainty in the banking industry, where they lay off, government sees more- >> we have ceos sit over here, what you're going to do with the money, or how many people you're going to hire, it's not tens of thousands, but it's something. and they'r
into the depths of this room traders are here trading today but these energy markets are electronic trading only with nymex trading floor in new york closed for the day and if you look at crude oil, they are moving in the opposite direction of each other and the opposite direction they were trading yesterday in lieu of the refinery closures for the storm. gasoline down 1/2%, crude oil prices getting a boost near $86 a barrel. we are still trying to digest the actual effect of this storm on the refinery's. we haven't gotten a lot of word from companies that have been affected but the energy department has released this beta saying gasoline stockpiles may sink to the lowest levels since 1990 as a result of sandy. inventories down 16% from a year ago. weekly inventory reports delayed till thursday so bottom line a lot of traders say when markets reopen a lot of the focus is going to look at the supply side of the equation when it comes to the energy markets and stocks like philip and newstar, companies that shed down refineries along the east coast. those are stocks that will be on everybody's rada
business. we need a business expert like mitt romney. unleash american energy, impose sa sanctions for unfair china trading practices. these are important things because the economy is the number one issue. >> you're trying to cram a lot of things in in these last five days. >> chris, let's get to it. we're going to be listening to the president later this hour. his campaign describing the speech as a closing argument to the voters. what tone does he need to strike? chris, does he really need to keep it respectful or hit back against mitt romney? >> you know, i don't think he necessarily needs to hit back. i personally think, no surprise, that it was a mistake for governor romney to come out as harsh as he did. when there's a national crisis, something as significant and so many people have been affected by hurricane sandy, the last thing people think about and talk about and want to focus on is politics. you have to be very careful about that. i think the president is going to come out, especially in light of what you've seen over the last few days, and strike a more positive, uni
that on election day with more intensity and more energy from the republican base. we'll see. as you know, wolf, no republican has ever won without this state. the romney campaign concedes it very much needs it. >> there's been a lot of speculation on the provisional ballots available in ohio that that could delay the outcome in that state. what's the latest you're getting on that? >> reporter: there is a possibility. this is a state where you have early voting. and you also have other provisional ballots. ballots that are contested. some will be set aside and disputed. look, let's hope with citizens that doesn't happen. but this state and other states are very close that both campaigns have teams of lawyers not only will be here on election day to watch, they have observers, but teams of lawyers ready to be in place so close would there be an automatic recount triggered. that is a possibility as we head into the final days and final weekend, wolf. not only the candidates out and busy, their legal teams are very busy studying all the rules as well. >> the lawyers are very, very active right now
and faster. this was humongous, 800 miles across, and velocities are much lower. but the amount of energy stored in it was huge because of the warm water from the caribbean, fed by the energy from the jet stream. and this is a very unusual pattern that caught scientists off guard. >> was there any way to better prepare for it? >> it is hard to predict these things because, first of all, you have the caribbean, the gulf of mexico heating up, possibly due to global warming and that's the basic energy that drives all these hurricanes. but then you have the energy difference between that and the gulf -- the jet stream coming in from the arctic, colliding with it. >> what did you find most interesting about it, most surprising. >> our computer simulations are not good at modeling the collision of two air masses. with he had three a we had three colliding at the same time so we were powerless to give an accurate computer simulation of the collision of the three air masses. >> we were talking about some of the things that have gone wrong in new york, the crane which is dangling, the nyu medical
to watch that news. what it means for the economy and markets overall coming up ♪ atmix of energies.ve the world needs a broader that's why we're supplying natural gas to generate cleaner electricity... that has around 50% fewer co2 emissions than coal. and it's also why, with our partner in brazil, shell is producing ethanol - a biofuel made from renewable sugarcane. >>a minute, mom! let's broaden the world's energy mix. let's go. jenna: right now the labor department releasing the final jobs report ahead of the presidential election. unemployment right now at 7.9%. 171,000 jobs added last month. with only four days to go until the election the president reacting to these new numbers today. >> we have made real progress but we are here today because we know we've got more work to do. jenna: governor mitt romney right now is at a rally in wisconsin. when he steps to the microphone we'll take his remarks. they are being shown as the closing, closing argument of the campaign if you will. austan goolsbee, former chair of the president's council economic advisors. he is now a professor
the deficit, tapping into domestic energy resources and fixing the nation's public school system. but one thing that he has been trying to zero in on in this final stretch of the campaign, he's been going after the president's mantel, being a post-partisan president. in the words of mitt romney, the president has been what he calls the most partisan. here's what he had to say. >> yesterday, the president said something you might have heard by now that i think surprised a lot of people. he said voting is the best revenge. he told his supporters, voting for revenge. vote for revenge? let me tell you what i'd like to tell you. vote for love of country. [ cheers and applause ] it is time we lead america to a better place. >> as for the rest of this weekend, mitt romney will be heading back to what is perhaps the ultimate battleground state of ohio, where polls show the gop nominee is trailing the president by anywhere between three and six points. he is also going to be hitting the state of pennsylvania, the state that the obama campaign says is not in play, but is increasingly looking like a
and taking with it its energy. eventually, the trend over the next couple of days will be more and more sunshine. it will remain on the cool side. reagan national, 43 degrees. dulles, 39. bwi marshall, 41. nice and cool out there. nice, cool start to your day. it will be a cool afternoon with highs only in the upper 40s and 50s. we'll have 55 here in up to. you can see lots of 40s north and west. justify a few peeks of sunshine. >> so we think for the most part the rain is out of the area. the snow in west virginia? >> that is winding down too. still got some snow flying out there. but for trick or treating tonight, should be just fine. a little cool. >> thank you. >>> time now to see what is happening with julie wright, first look at on-time traffic. >> good morning. right now, kind of busy. we have a couple of things to work on on the roadways. accident activity inner loop of the beltway at 450. annapolis road tying up the right side of the highway. still a portion of 10 # shut down in ashton between meek hollow road and new hampshire avenue due to wires down in the road -- a portion
, new tracking of the storm. we'll have it all. stay with us. energy is being produced to power our lives. while energy development comes with some risk, north america's natural gas producers are committed to safely and responsibly providing generations of cleaner-burning energy for our country, drilling thousands of feet below fresh water sources within self-contained well systems. and, using state-of-the-art monitoring technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. see life in the best light. [music] transitions® lenses automatically filter just the right amount of light. so you see everything the way it's meant to be seen. experience life well lit, ask for transitions adaptive lenses. with two times the points on dining in restaurants,? you may find yourself asking why not, a lot. chase sapphire preferred. there's more to enjoy. >>> new york city, mayor, michael bloomberg is calling it once in a long time storm. thousands remain without power as floodwaters continue to pour into
; building on our manufacturing boom; boosting american-made energy; reducing the deficits responsibly by cutting where... we can, and asking the wealthy to pay a little more. and ending the war in afghanistan, so we can... do some nation-building here at home. that's the right path. so read my plan, compare it to governor romney's... and decide which is better for you. it's an honor to be your president... and i'm asking for your vote... so together, we can keep moving america forward. i'm barack obama and i approve this message. ♪ [ male announcer ] introducing the all-new completely re-imagined 2013 chevrolet malibu. sleek new styling... sophisticated dual cockpit design, and sport sculpted seats. available chevrolet mylink infotainment system. the all-new 2013 chevrolet malibu. ♪ refined comfort to get you in a malibu state of mind no matter what state you live in. ♪ at meineke i have options... like oil changes starting at $19.95. my money. my choice. my meineke. >>> you may know someone impacted by this week's monster storm, a family member or neighbors. the impact on the g
mobile than ever. one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >>> a new york city nurse saves a newborn baby's life, just 8 hours old. she was manually pumping air to its tiny lungs as a hospital is evacuated when generators failed. the hero nurse joins me and gives me insight on how the rescue mission went. ououtdtdoooorsrs, , oro. trtranansisititiononss® ls auautotomamatiticacalllly y fift ththe e ririghght t amamouountn. soso y youou s seeee e eveg ththe e waway y itit is memeanant t toto b be e ses. mamaybybe e evevenen a lilittttlele b betette. exexpeperirienencece l lifife e, asask k fofor r trtrananss adadapaptitiveve l lene. >>> we have some remarkable video to show you. it's a time-lapsed individ
average down 140 points today. volume not bad. nasdaq composite also weak, down 38 points. it was energy, technology, materials. the s&p 500 down 13.3 points. that was the leadership group. the market ending a shortened week. let's bring in our guests for their take on what went on. with us now, chip dixon, jeff cox, and rick santelli. nice to have you on the program. thanks for joining us. chip, let me begin with you. haven't see you in a little bit. we used to talk long ago when you were at a different firm. welcome back to cnbc. >> thank you. >> you are the director of research discern. what is your research telling you here about where we are in this market and in this cycle for the economy? >> well, it tell us that the housing sector is improving and the residential side. commercial permit activity, which we see, has gone up, it's kind of plateauing. it tells us we're dealing with a lot of uncertainty out there. there's a tremendous amount of pent-up capacity in corporate america if we can just get the right fiscal policies in place. this economy could do well. >> do you think thing
electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >>> welcome back to "the kudlow report." i'm larry kudlow. in this half hour as the east coast rebuilds from the devastation of hurricane sandy, bigger government is not necessarily better government when it comes to helping states come out of natural disasters. also tonight, you saw it today. investors are clearly influenced by tuesday's election. the dow is down 140 points. we talked election markets. mediocre jobs report out today inch inches unemployment rate up to 7.9. still far from full employment. so far from full employment. who's to blame for not getting it exactly to full employment? well, here now is robert reich, former labor secretary and cnbc contributor. and he's the author of "beyond outrage." we also welcome back casey mulligan, professor of economics at the university of chicago and author
to work, and on day one he's going to get the energy economy going and allow us to have the keystone pipeline open up, be able to drill offshore in my home state of virginia so we can get those good jobs going, and then he is going to, you know, increase economic opportunity for everybody, so that's why he's having so many people, even people on the president's own economics council, are supporting mitt romney because he and paul ryan have a plan for day one to get jobs. i mean, this president -- >> i was asking you about the -- i was asking you specifically about the plan for the jobs for the auto industry, and i do want to mention, too, even chrysler's chief executive officer has debunked this ad. the jeeps will not be made in china. he said certainly not at the expense of the american workers. christianler -- >> he said -- i wanted to clear that up. >> that's what the ad points out that that is -- that they are doing that. he obviously we want to have more cars made here. we want to have more trade. >> it's not at the expense of american jobs is the point. it's not at the expense
natural disaster and put it toward the relief of our on going national disasters. the energy gathered by gale force winds has the power to focus our public attention. superstorm sandy may help the electorate focus in the few days that remain in the 2012 presidential campaign. our vote on tuesday will be for a disaster manager and chief taking charge of a country in an economic state of emergency, building a society that leaves all of us more prepared for disaster. at my table is ari melber, msnbc contributor. norry tan dan, kate dawson and david rodi, a reuters columnist and contributor for the atlantic. thank you all for being here. >> i want to start with you. the article, the piece you wrote was about the inequalities that have been revealed in the con te context of sandy. >> i am one of the privileged new yorkers. there has always been divisions in the city but this storm brought them out more vividly than ever. i was able to go to a hotel. i was in a mandatory evacuation area. i went to this hotel. if you had wealth, you could shelter in a nice place i had. if you had a steady jo
this weekend on "platts energy week." it airs sunday morning at 8:00 on wusa 9. >>> you don't have to work for a power company to help those hit hardest. wusa is donating a dollar to the sandy relief fund for every person who likes our facebook page. so please consider logging on and giving us a like. >>> the d.c. government is getting ready for winter at rfk stadium. the mayor joined more than 1,000 workers from the public works and transportation departments. hundreds of drivers are getting familiar with snow routes and support teams. they ran through their paces to get ready. >> it's not easy driving those trucks. i've driven one. but it's a bunch of fun. >> yeah? when it's dry or when it's wet? >> the guys that do that like to plow snow. believe me. it's not all about the money. they like to plow snow. oh, i love it, it's great. hopefully we will have some snow to plow. >> whatever makes you happy. >> garrett county is pretty much cut off. 30 inches of snow still on the ground. a lot of folks cut off from their individual communities. it's a big mess out there. for us, we'll start with
barrel. we will be right back. energy is being produced to power our lives. while energy development comes with some risk, north america's natural gas producers are committed to safely and responsibly providing generations of cleaner-burning energy for our country, drilling thousands of feet below fresh water sources within self-contained well systems. and, using state-of-the-art monitoring technologies, rigorous practices hp ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going onow -- but hurry, the offer ends soon. dagen: we have a triple digit rally on our hands. we are getting to that time every hour because every 15 minutes it is stocks now. we are close enough, nicole petallides. nicole: i ain't going, no, no. you have ford down 1.5%. we have gotten a lot of news on ford, as well. they did name the chief operating officer. they said it is too early to predict the impact of sandy on the n
: officials in the energy business and the government trying to assess all the damage done by hurricane sandy on refineries. the entire infrastructure that deliver oil and gas to businesses and individuals. joining us with his take is john hofmeister, former president of shell oil. do you have any sense how quickly these refineries will restart with 70% of refining capacity in this part of the country shutdown? >> ended the best of circumstances once you shutdown it takes between five and ten days to get up and running. unless you find damage. if you have been flooded chances are you could have similar optical damage if your electricals were on the ground level so we don't know yet. i keep reading everything i can read to see what is being reported that something else to worry about our, our the porks damage? the northeast gets a lot of its fuel supplies from europe or the caribbean by ship and so if the ports are damaged with that huge surge, that could be another issue in terms of supply. normally there's a three to four week supply available and there shouldn't be an immediate outage of ge
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